NVE Co. (NASDAQ:NVEC) to Issue Quarterly Dividend of $1.00

NVE Co. (NASDAQ:NVEC) announced a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Investors of record on Monday, February 3rd will be paid a dividend of 1.00 per share by the semiconductor company on Friday, February 28th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date of this dividend is Monday, February 3rd.

NVE Trading Down 2.2 %

NASDAQ NVEC traded down $1.57 during trading hours on Friday, reaching $70.35. The company’s stock had a trading volume of 38,371 shares, compared to its average volume of 26,751. The business has a 50-day simple moving average of $79.46 and a 200 day simple moving average of $79.41. NVE has a 52 week low of $68.73 and a 52 week high of $90.24. The stock has a market cap of $339.79 million, a PE ratio of 22.69 and a beta of 1.12.

NVE (NASDAQ:NVEC) last announced its quarterly earnings results on Wednesday, January 22nd. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter. NVE had a return on equity of 23.02% and a net margin of 58.33%.

About NVE

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information in the United States and internationally. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data.